3 Things Bears Have Wrong About Nvidia Right Now

NVIDIA

180.59 CHF 2.61%

• Charts
• News
• Analysen

Kaufen Verkaufen

There's no shortage of naysayers when it comes to Nvidia (NASDAQ: NVDA). Just 1.18% of its outstanding shares are currently being shorted, but think about what that means for a company with a market cap just above $5.5 trillion.

There are nearly $57 billion in short positions out there, and that doesn't include put options, bearish ETFs, or other derivative activity. The actual number of shares sold short has actually increased 40% over the past year, and the value of those bearish wagers has risen another 35% on top of that.

The bears are everywhere, but I see that as more of an opportunity than a threat. Let's go over some of the knocks on Nvidia. I want to counter by pointing out what the worrywarts might be missing.

Continue reading